Fraud Month - Week #2: Investment & Real Estate Scams, etc.

Fraud Prevention Month, held annually in March, is a campaign designed to raise awareness about various types of fraud and how to prevent them. Initiated by the Canadian Competition Bureau in 2004, this month-long event aims to educate the public on recognizing, rejecting, and reporting fraudulent activities

During Fraud Prevention Month, several common scams are highlighted to help people stay vigilant:

Investment fraud via social media often involves scammers posing as financial advisors or successful investors, luring victims with promises of high returns.
Ponzi or pyramid schemes entice individuals to invest in a business model that relies on recruiting new investors to pay returns to earlier investors.
Cryptocurrency schemes exploit the complexity and novelty of digital currencies to deceive investors with fake coins or fraudulent investment opportunities.
Real estate scams can involve fake property listings or fraudulent investment opportunities in real estate projects.
Offshore investing schemes promise high returns through investments in foreign markets, often hiding the true nature of the investment and making it difficult for victims to recover their money.

By understanding these schemes, individuals can better protect themselves and contribute to a fraud-free community.

If you have any other questions or need further details regarding frauds, contact the Canadian Anti-Fraud Centre.

Building Safer Communities...Together.